VinFast shares slip after soaring in debut trading day
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Morgan Stanley on Tesla (TSLA): 'Investors are becoming more cautious on China EVs'
August 17, 2023 4:11 PM EDTMorgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $250.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Investors are becoming more cautious on China EVs after a solid run in the past 3 months, with Tesla's further promotional activity of particular... More
Tesla (TSLA) notifies lithium supplier of potential lawsuit over failed deal
August 17, 2023 2:30 PM EDTLithium supplier, Core Lithium has been notified by electric vehicle maker, Tesla (NASDAQ: TSLA) regarding a 2022 supply agreement that failed to be realized within the contracted timeframe, according to a statement from the Australian mining company.
Despite prior arrangements, the... More
Ford (F) and partners to build $887M battery facility in Quebec
August 17, 2023 1:44 PM EDTFord (NYSE: F), alongside a consortium of South Korean companies, announced Thursday that the group would build a C$1.2 billion ($887 million) facility capable of producing electric vehicle battery materials in Becancour, Quebec.
According to Canada's industry ministry, the small 15,000 person town of Becancour on... More
VinFast (VFS) down two sessions in a row following blockbuster debut
August 17, 2023 10:46 AM EDTShares of VinFast (NASDAQ: VFS) are down more than 13% in early trading Thursday morning. Leading towards what looks like a second straight session of losses after the Vietnamese automakers meteoric rise in its Nasdaq debut this week.
Shares of the company fell 19% Wednesday as... More
Stellantis (STLA) invests in direct lithium extraction project
August 17, 2023 9:08 AM EDTStellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.
Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More
Tesla (TSLA) to begin mass output of revamped Model 3 in China
August 17, 2023 7:57 AM EDTTesla (NASDAQ: TSLA) is poised to begin mass production of the electric vehicle giants updated Model 3 in China as early as next month, according to people familiar with the situation.
Sources, who opted to remain anonymous as the details are not yet public, have revealed that Tesla is nearing the completion of display... More
Texas commission approves Tesla (TSLA) charging standard for federal funds despite concerns
August 16, 2023 1:46 PM EDTA Texas commission voted Wednesday to approve a plan to include Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) technology to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors.
According to federal regulations, companies must provide NACS rival, Combined Charging System (CCS) as a basic offering to qualify for the... More
GM invests $60M in EV battery startup, Mitra Chem
August 16, 2023 10:13 AM EDTGeneral Motors (NYSE: GM) announced Wednesday that the American automaker will be investing in Silicon Valley startup, Mitra Chem with an aim to help the new company speed the development of a more affordable battery chemistry for use in electric vehicles.
GM is set to spearhead a $60 million investment in Mitra Chem. The startup... More
